Sprint Nextel to Acquire Affiliate iPCS
Today Sprint Nextel and its affiliate iPCS announced that Sprint will buy iPCS for $831 million. As part of the acquisition agreement, both parties have agreed to cease all and any litigation between them (iPCS has sued Sprint for a number of reasons, most often citing breach of contract). The deal also puts a halt to Sprint's planned divestitures of its iDEN network in regions where iPCS operates. The deal is subject to regulatory approval and is expected to close in late 2009 or early 2010.
Sprint Settles Lawsuit Over Nextel Merger for $131 Million
Sprint today settled a class-action lawsuit regarding its 2005 acquisition of Nextel for $131 million. Investors claim Sprint executives defrauded shareholders by inflating stock and bond prices after Sprint closed its acquisition of Nextel.
Sprint Signs Roaming Deal with Cuban Carrier
Sprint today said it has cut a roaming agreement with Telecommunications Company of Cuba (ETECSA). Sprint is the first U.S.
AT&T to Buy Second Mexico Carrier for $1.875B
AT&T today announced its intent to purchase Nextel Mexico, which covers 76 million customers across the country. Nextel Mexico is owned by NII Holdings and AT&T will pay it $1.875 billion.
Sprint to Kill Off WiMax Once and for All On Nov. 6, 2015
Sprint today confirmed it will permanently shutter its WiMax network on or around November 6, 2015. The company had previously said it would operate the failed 4G network until "the end of 2015." Sprint said it has identified 6,000 "redundant sites that we expect to decommission and terminate the underlying leases," as part of the process, which will save the company some money.
Sprint Says Network Vision Is Basically Done
Sprint recently indicated that its years-long Network Vision project is coming to a close. Sprint's 1900MHz LTE network covers 260 million POPs, according to Sprint CFO Joe Euteneuer, who made the comments at a Bank of America investor conference this week.
Thank God it's over!
What happens to customers in the iPCS market?
1) these stores will not close as far as we are told.
2) we will be officially branded Sprint stores. With my guess of selling ...